For the week, the S&P500 jumped 2.7% (up 4.2% y-t-d), and the Dow advanced 2.3% (up 4.4%). Market strength was broad-based. The S&P 400 Mid-Caps jumped 3.0% (up 4.2%), and the small cap Russell 2000 rose 3.2% (up 2.1%). The Banks gained 3.3% (up 3.7%), and the Broker/Dealers increased 1.4% (up 2.3%). The Morgan Stanley Cyclicals rose 3.4% (up 4.7%), and the Transports added 1.2% (down 1.0%). The Morgan Stanley Consumer index gained 1.9% (up 0.2%), and the Utilities increased 0.5% (up 1.3%). The Nasdaq100 rose 3.0% (up 5.4%), and the Morgan Stanley High Tech index surged 4.0% (up 7.5%). The Semiconductors jumped 5.6% (up 12.5%). The InteractiveWeek Internet index rose 4.6% (up 5.6%). The Biotechs gained 2.0% (down 0.4%). With bullion up
Credit Bubble Bulletin: Just The Facts
Posted by Doug Noland: Prudent Bear
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